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- JYOTHY LABS Announces Quarterly Results (2QFY20); Net Profit Up 17.4%
JYOTHY LABS Announces Quarterly Results (2QFY20); Net Profit Up 17.4%
Fri, 25 Oct
JYOTHY LABS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:
JYOTHY LABS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-18* | 3 Jun-19* | 3 Sep-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 4,277 | 4,116 | 4,642 | 12.8% | 8.5% |
| Other income | Rs m | 47 | 48 | 55 | 12.8% | 16.7% |
| Turnover | Rs m | 4,324 | 4,165 | 4,697 | 12.8% | 8.6% |
| Expenses | Rs m | 3,545 | 3,461 | 3,851 | 11.3% | 8.6% |
| Gross profit | Rs m | 732 | 618 | 791 | 28.1% | 8.1% |
| Depreciation | Rs m | 139 | 185 | 188 | 2.1% | 35.7% |
| Interest | Rs m | 71 | 61 | 59 | -2.5% | -15.9% |
| Profit before tax | Rs m | 569 | 421 | 598 | 42.1% | 5.1% |
| Tax | Rs m | 116 | 61 | 66 | 6.7% | -43.3% |
| Profit after tax | Rs m | 453 | 359 | 532 | 48.2% | 17.4% |
| Gross profit margin | % | 17.1 | 15.0 | 17.0 | ||
| Effective tax rate | % | 20.3 | 14.6 | 11.0 | ||
| Net profit margin | % | 10.5 | 8.6 | 11.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 8.5% on a year-on-year (YoY) basis. The expenses were up by 8.6% YoY during the same period.
- The company's operating profit increased by 8.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.0% in 2QFY20.
- Depreciation charges increased by 35.7% and finance costs declined by 15.9% YoY, respectively.
- Other income increased by 16.7% YoY during the quarter.
- Net profit for the quarter increased by 17.4% YoY. Net profit margins during the quarter increased from 10.5% in 2QFY19 to 11.3% in 2QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
- The company's operating profit increased by 28.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 2QFY20 as against 15.0% in 1QFY19.
- Net profit for the quarter increased by 48.2% QoQ, while net profit margins increased from 8.6% in 1QFY19 to 11.3% in 2QFY20.
To see how JYOTHY LABS has performed over the last eight quarters,please visit here.
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JYOTHY LABS Share Price Performance
Over the last one year,JYOTHY LABS share price has moved down from Rs 179.7 to Rs 174.1, registering a Loss of Rs 5.6 or around 3.1%.
Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,034.5 (up 0.2%). Over the last one year it has moved up from 11,045.0 to 12,034.5, a gain of 990 points (up 9.0%).
Overall, the S&P BSE SENSEX is up 14.6% over the year.
Current Valuations
At the current price of Rs 174.1, the price to earnings (P/E) ratio of JYOTHY LABS stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.